Simplified Probate Proceedings In California
By Allyson S. Heller
https://www.youtube.com/watch?v=9rg_E9Se1ao When a person dies in California with real or personal property held outside of a trust, then the decedent’s assets must be administered under the court’s supervision through a process known as“probate.” Probate proceedings can cost tens of thousands of dollars in statutory fees and administrative costs[...]
The Effect of Proposition 19 on Base Value Transfers for Persons Aged 55 and Older William C. Mason III, Esq., Of Counsel, The Law Offices of Tony J. Tyre, Esq., APC
On November 3, 2020, California voters approved Proposition 19—the Home Protection for Seniors, Severely Disabled, Families, and Victims of Wildfire or Natural Disasters Act. Effective February 16, 2021, the provisions of Proposition 19 replaced those established by Propositions 58 and 193 with respect to parent to child and grandparent to[...]
Taxes in Estates & Trusts – 2021 Update
Unknown to many of us, the government does not take money from a person’s estate most of the time. In fact, estates will usually pay little-to-no money to the government through taxes, unless there are debts owed to governmental agencies such as Medi-Cal. The two main types of tax to[...]
Top Three Trust Myths and Misconceptions
By Allyson S. Heller
When it comes to estate planning, people tend to have misconceptions about living trusts, many of which stem from secondhand accounts from unreliable sources. Below, I discuss three of the biggest myths about living trusts: Myth #1 “Only rich people need trusts.” By far the most common misconception I hear[...]
Law Offices of Tony J. Tyre Sees Uptick of Living Trusts Preparation
COVINA, CA / ACCESSWIRE / September 21, 2021 / Today, The Law Offices of Tony J. Tyre, Esq. APC announced a trend in rising numbers of families seeking estate planning. As more and more people have been coming to grips with their own mortality, due to the COVID-19 pandemic, they[...]
Estate Planning for Parents
If you are a parent, then you should strongly consider having a revocable living trust drafted, in additional to other essential estate planning documents. In the past, I have written about the benefits of having a trust, with the largest benefit being to avoid probate court, due to the time[...]
